Dream Again of Rome
By John Batchelor on June 27, 2010 at 8:15 PM in Current Affairs
Editor’s Note: Catch Larry Johnson on John Batchelor’s syndicated radio show TONIGHT at 10:35 p.m. ET. You’ll find programming details and “how to listen” instructions at the end of this post.
A macro-practical way to accomplish Mr. Johnson’s scenario is for Citi and JP Morgan Chase to merge with a Chinese bank, and then the two of them to pick up a partner in Brazil or India. A more modest ploy would be to form a coalition with a German bank.
In any event, no more national banks. Globalization is the thing this year (decade).
It is fresh thinking that the global credit catastrophe of 2008 would form the basis for a transformation of all finances into a stateless, faceless, ruthless cash machine.
The Banks Too Big to Fail borrow at 0% from the Treasury du Jour and then lend at any rate they can manage — like schools of Moby Dicks cruising the oceans for advantage and profit.
What is the downside? Spoke Michael Vlahos, Huffington Post, re the fresh turmoil in the American Empire — that the American Empire no longer command the respect and loyalty of the American clients.
Now there is a surprise in the wind. Banks Bigger than States. The Big Bankers look to be thinking post-sovereignty. Could this be the end of the Westphalian System of States? Is the 22nd Century the Age of the Credit Proconsuls? Are we to return to the dream that was Rome?
“Two hundred years ago, the Gauls were our enemies,” says Marcus Aurelius (“The Fall of the Roman Empire, 1964.) “Now, we greet them as friends… Rome, Rome everywhere, a family of equal nations. That is what lies ahead…” “And when I say Rome, I mean the world.”
It would appear that the Romans are back — with ATMs and CDOs. Greece, Spain, Portugal, Ireland, Italy — all under the boot of the Banks Too Big to Fail.
Soon, California, then the Bank of England? — then, the US Treasury?
Has Larry Summers signed on with the Credit Proconsuls? POTUS?
Larry Johnson is a regular on the “experts panel” every Sunday night on John Batchelor’s syndicated radio show that airs nightly from 9:00 p.m. to 1:00 a.m. ET. You can listen live to every show via iTunes, and you can also listen to podcasts of previous shows.
Larry Johnson has confirmed that he will be on the experts panel airing at 10:30 p.m. ET. His panel typically continues through a commercial break.
Here’s how to listen to the live show, using iTunes:
- Click Radio.
- Double-click News/Talk Radio.
- Scroll down and double-click WABC-AM.
FYI: WABC is New York City’s most popular talk show station, and is the anchor station for John Batchelor’s nationally syndicated show.
by Ronald Scott
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